Acme Company's production budget for August is units and includes the following component unit costs: direct materials, $; direct labor, $; variable overhead, $ Budgeted fixed overhead is $ Actual production in August was units. Actual unit component costs incurred during August include direct materials, $; direct labor, $; variable overhead, $ Actual fixed overhead was $
Required:
Prepare a performance report, including each cost component.
Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance
tableCost Component,tableOriginal Budget unitstableFlexed Budget unitstableActual Cost unitsBudget Variance,Direct materials,,,,,Direct labor,,,,,Variable overhead,,,,,Fixed overhead,,,,,Total budgeted cost,,,,,
